IDB Bank Provides $18 Million Loan For Medical Office At 831 North Highland Springs Avenue

The property asset involved in the transaction is a medical office located at 831 North Highland Springs Avenue, Beaumont, with a total square footage of 55,000. The loan amount provided for this property is $18,000,000 under a recapitalization loan type.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $18,000,000
• Lender: IDB Bank
• Landlord: David Shlomi & Ben Shlomi
• Asset Address: 831 North Highland Springs Avenue
• Market: Beaumont
• Loan Date: 07/25/2025

The key individuals involved in the deal include David Shlomi and Ben Shlomi, representing Sundance A, LLC. Zak Koenig, serving as Vice President of Commercial Real Estate at IDB Bank, led the successful closure of the deal, with Jeremy Cramer, the Head of California Real Estate, overseeing the financing efforts in the region.